BC increases thresh-hold for First Time Home Buyers
Posted on Feb 23, 2017
One market has reduced land transfer taxes for first-time homebuyers.It’s been a whirlwind few months for real estate in British Columbia, but the latest news will likely be viewed as a small victory by local mortgage brokers.Effective Wednesday, the threshold for BC’s Property Transfer Tax exemption for first-time homebuyers has been increased to...The ART of the Back Peddle...
Posted on Feb 01, 2017
VICTORIA — B.C. is considering refunding the foreign buyer tax to some buyers, says the finance minister.Mike de Jong said Wednesday the refund idea is one of several reforms under his consideration as part of changes to the six-month-old 15 per cent foreign buyer tax on real estate sales in Metro Vancouver. It comes after Premier Christy Clark ann...